Development Analyst (Multifamily Real Estate ...

Position Development AnalystLocation: Boca Raton, FL (In-office role, NOT Hybrid or Remote)Salary: $100k - $130k base salary, plus bonus and good benefitsPosition SummaryWe are seeking a highly motivated Development Analyst to join our dynamic Development Team. This individual will play a critical role in analyzing, underwriting, and executing multifamily development projects from initial feasibility through completion. The Development Analyst will be responsible for financial modeling, market research, and due diligence coordination while working closely with senior leadership across development, acquisitions, capital markets, and asset management.This role is an in-office position based in Boca Raton, FL and offers an opportunity to gain firsthand experience in the full lifecycle of multifamily development.Responsibilities:Financial Modeling & Investment AnalysisBuild and maintain pro forma financial models to evaluate potential development projects, incorporating initial assumptions for land acquisition, construction costs, lease-up, and stabilized operations.Conduct sensitivity analyses and scenario modeling to assess risks and optimize capital structure.Calculate key investment metrics such as IRR, equity multiple, cash-on-cash return, yield on cost, and stabilized NOI.Market Research & Competitive AnalysisPerform comprehensive market research to assess supply/demand fundamentals, rent comparables, demographic trends, and absorption rates.Track multifamily development pipelines and comparable transactions to inform project positioning to support underwriting assumptions.Collaborate with third-party consultants (brokers, appraisers, market research firms) to validate market data.Due Diligence & Entitlement SupportAssist in site feasibility studies, including zoning analysis, land use approvals, environmental assessments, and regulatory compliance.Be a part of the Development Team that will work with brokers, attorneys, engineers, and municipal agencies to support entitlement efforts.Organize and maintain development due diligence files, ensuring key project details are documented.Project Execution & Capital StructuringSupport the Development Team in budgeting, construction cost analysis, and debt/equity structuring.Prepare materials for Investment Committee presentations for internal deal approvals.Assist in converting internal deal approvals into investment memoranda for capital raising and lender negotiations.Required Skills/ Abilities:2-5 years of experience in real estate development, acquisitions, finance, or investment analysis, preferably with a focus on multifamily projects.Bachelor's degree in Real Estate, Finance, Economics, Business, or a related field.Advanced financial modeling skills in Excel, including the ability to build complex joint venture waterfalls, debt structures, and return projections.Strong analytical and critical thinking skills with a high attention to detail.Understanding of construction budgets, operating statements, and real estate financing principles.Ability to conduct independent market research and synthesize findings into actionable insights.Excellent communication and presentation skills, with the ability to interact with senior leadership and external stakeholders.A self-starter with the ability to manage multiple projects in a fast-paced, entrepreneurial environment.

Created: 2025-03-03